Bunge Ltd (BG) CEO Purchases $94,665.00 in Stock

Bunge Ltd (NYSE:BG) CEO Soren Schroder purchased 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, November 7th. The stock was bought at an average cost of $63.11 per share, with a total value of $94,665.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Soren Schroder also recently made the following trade(s):

  • On Monday, November 5th, Soren Schroder purchased 500 shares of Bunge stock. The stock was bought at an average cost of $62.72 per share, with a total value of $31,360.00.

Bunge stock opened at $63.27 on Friday. Bunge Ltd has a 52-week low of $61.26 and a 52-week high of $83.20. The firm has a market cap of $8.79 billion, a PE ratio of 19.34 and a beta of 1.12. The company has a quick ratio of 0.71, a current ratio of 1.58 and a debt-to-equity ratio of 0.85.

Bunge (NYSE:BG) last released its earnings results on Wednesday, October 31st. The basic materials company reported $2.52 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.39 by $0.13. Bunge had a net margin of 0.59% and a return on equity of 7.84%. The business had revenue of $11.41 billion during the quarter, compared to analyst estimates of $11.95 billion. During the same quarter in the prior year, the firm earned $0.75 earnings per share. The company’s revenue for the quarter was down .1% compared to the same quarter last year. Equities research analysts anticipate that Bunge Ltd will post 4.91 EPS for the current fiscal year.

BG has been the subject of several recent analyst reports. Citigroup cut their price target on shares of Bunge from $92.00 to $82.00 and set a “buy” rating for the company in a report on Thursday, November 1st. JPMorgan Chase & Co. lowered shares of Bunge from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $82.00 to $75.00 in a report on Thursday, August 2nd. Zacks Investment Research lowered shares of Bunge from a “buy” rating to a “hold” rating in a report on Monday, October 8th. BMO Capital Markets dropped their target price on shares of Bunge from $87.00 to $83.00 and set an “outperform” rating for the company in a report on Thursday, November 1st. Finally, Credit Suisse Group dropped their target price on shares of Bunge from $80.00 to $77.00 and set an “outperform” rating for the company in a report on Thursday, August 2nd. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $78.40.

Institutional investors have recently added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its position in shares of Bunge by 11.0% during the 1st quarter. Principal Financial Group Inc. now owns 95,294 shares of the basic materials company’s stock valued at $7,046,000 after acquiring an additional 9,447 shares during the last quarter. Clinton Group Inc. acquired a new position in shares of Bunge during the 2nd quarter valued at about $726,000. IFM Investors Pty Ltd boosted its position in shares of Bunge by 39.3% during the 2nd quarter. IFM Investors Pty Ltd now owns 6,645 shares of the basic materials company’s stock valued at $463,000 after acquiring an additional 1,874 shares during the last quarter. State of Alaska Department of Revenue boosted its position in shares of Bunge by 19.1% during the 2nd quarter. State of Alaska Department of Revenue now owns 32,296 shares of the basic materials company’s stock valued at $2,251,000 after acquiring an additional 5,170 shares during the last quarter. Finally, Gateway Investment Advisers LLC acquired a new position in shares of Bunge during the 2nd quarter valued at about $6,146,000. 80.66% of the stock is owned by institutional investors and hedge funds.

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Bunge Company Profile

Bunge Limited operates as an agribusiness and food company worldwide. It operates through five segments: Agribusiness, Edible Oil Products, Milling Products, Sugar and Bioenergy, and Fertilizer. The Agribusiness segment purchases, stores, transports, processes, and sells agricultural commodities and commodity products, including oilseeds primarily soybeans, rapeseed, canola, and sunflower seeds, as well as grain, such as wheat and corn; and vegetable oils and protein meals.

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